New Fortress Energy Inc (NASDAQ: NFE) kicked off on Monday, up 8.52% from the previous trading day, before settling in for the closing price of $9.04. Over the past 52 weeks, NFE has traded in a range of $7.82-$40.04.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 96.21%. While this was happening, its average annual earnings per share was recorded -81.85%. With a float of $134.63 million, this company’s outstanding shares have now reached $205.00 million.
Considering the fact that the conglomerate employs 1390 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 44.81%, operating margin of 32.69%, and the pretax margin is 14.34%.
New Fortress Energy Inc (NFE) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Utilities – Regulated Gas Industry. The insider ownership of New Fortress Energy Inc is 46.45%, while institutional ownership is 51.55%. The most recent insider transaction that took place on Oct 01 ’24, was worth 49,999,993. In this transaction Chief Executive Officer of this company bought 5,793,742 shares at a rate of $8.63, taking the stock ownership to the 35,721,915 shares.
New Fortress Energy Inc (NFE) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 1.06 earnings per share (EPS), higher than consensus estimate (set at 0.78) by 0.28. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -81.85% per share during the next fiscal year.
New Fortress Energy Inc (NASDAQ: NFE) Trading Performance Indicators
Take a look at New Fortress Energy Inc’s (NFE) current performance indicators. Last quarter, stock had a quick ratio of 0.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.90, a number that is poised to hit 0.25 in the next quarter and is forecasted to reach 1.16 in one year’s time.
Technical Analysis of New Fortress Energy Inc (NFE)
Compared to the last year’s volume of 2.95 million, its volume of 7.82 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 71.22%. Additionally, its Average True Range was 0.73.
During the past 100 days, New Fortress Energy Inc’s (NFE) raw stochastic average was set at 10.82%, which indicates a significant decrease from 87.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.70% in the past 14 days, which was lower than the 88.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.63, while its 200-day Moving Average is $21.30. Nevertheless, the first resistance level for the watch stands at $10.21 in the near term. At $10.61, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.37. If the price goes on to break the first support level at $9.04, it is likely to go to the next support level at $8.28. Now, if the price goes above the second support level, the third support stands at $7.88.
New Fortress Energy Inc (NASDAQ: NFE) Key Stats
The company with the Market Capitalisation of 2.36 billion has total of 205,067K Shares Outstanding. Its annual sales at the moment are 2,413 M in contrast with the sum of 547,880 K annual income. Company’s last quarter sales were recorded 428,010 K and last quarter income was -88,850 K.
